7/17/2011

Is He Serious? Obama Proposals Add $9.5 Trillion To Debt By 2021

Posted by Brian

As President Obama excoriates GOP leaders for not being serious in the debt ceiling negotiations, a new CBO analysis of Obama's proposals show that they will add $9.5 trillion to the debt by 2021.  In fact, every year would have deficits of at least $1.2 trillion - every year! Even if Republicans cave, and agree to raise the debt ceiling by 2.4, it only gets us to mid-2013 before it will need to be raised again.  This is what Obama wants, as it removes this issue from the 2012 election narrative, and puts the next fight off until, what would be, his second term.  An Obama second term would look much different from his first term, where he has to worry about getting reelected.  $1.5 trillion may seem like peanuts compared to what this megalomaniac would do without poll numbers to worry about.
 As a nation we were furious at President Bush for a $458 billion deficit at the end of his second term. The media pounded the deficits numbers into the brains of voters on a nearly daily basis.  Now, the deficit under this President has been averaging over $1.5 trillion per year, over $1 trillion more than Bush's highest year, and they say that the Republicans are playing games?  No more talk from the Democrats and the media of how we need to get our fiscal house in order. Only how much more can we spend to keep bloated programs in place.  Obama keeps coming up with these 5 and 10 year plans, which sound very Soviet-like, when what needs to happen is a 18 month plan to vote this man and his Marxist/Maoist thugs out of office so they can't do any more damage to this country. As it is, it may take decades to undo the damage that they've done in only two and a half years.  Imagine what we would look like after eight years.

Obama's Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade

Saturday, July 16, 2011
By Terence P. Jeffrey

(CNSNews.com) - While the Republican-controlled House of Representatives has voted this year to approve House Budget Chairman Paul Ryan's (R.-Wis.) proposal--that would put the government on a gradual path to a surplus by 2040--and plans to vote on a balanced budget amendment next week that would cap federal spending at 18 percent of GDP, the only budget proposal President Obama's has publicly revealed in 2011 would, according to the Congressional Budget Office, increase the deficit by $26 billion this year, $83 billion next year, and $2.7 trillion over the next decade.
Read more at CNS News

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